Hello BP I have a friend whose renting a 3br/2 1/2 b apartment. 3 weeks ago a leaking pipe was discovered that was no fault of the tenant. A few days later someone came out, knocked out a few areas of drywall & al...
I am analyzing a potential deal in a B neighborhood. It is a 30-year old four-plex with the asking price of $415,000, NOI of $29,000, putting the property at 6.99% cap rate, cash on cash return is around 10%. There is...
1.) Market Selection - Prioritize proximity to national parks, tourism destinations, mountain markets and markets that are less seasonal. Select markets with existing regulations and permitting. This allows you to saf...
So I spent a big chuck of my time last week trying to get home equity line of credit on my 3 properties. Using the rules of thumb that primary is 80% and rental propertyies at 70-75%, I figure I could get over 100k li...
I've been a real estate investor (multifamily, land, CRE) for 2 decades but have been working on a concept to purchase multiple properties in the US and around the world. The shareholders own and build equity while li...
New investor here. I’m stuck when I try to run numbers on a potential deal, how do you generally estimate rehab costs? I don’t know where to start on such topic.
I was just notified by my CPA that a 1031 exchange might not be the best way for me to take money from the sale of one property and buy another property. He said it could cost me more in leagal fees than it would sav...
Hello all! I am looking for some help/advice on working pre-forclosures and auctions in Lake County Indiana. More specifically, I've been looking at the Lake County Indiana Sheriff's "Sale Listings" posted on their we...
Since I'm using this as a first and introductory post I'll warn you up front it may be a long one. ;)
First some background. I'm a newb at the "investing" part of real estate. I've owned my own homes (and lost one i...
Hey everyone! I am under contract for a NNN with a government entity in Houston TX. It has an 8.5% cap rate and they just signed a 5 year lease. I am having the oddest experience. The tenants have not held up their ...